Elizabeth Arden CFO goes from beauty products to natural foods

August 21, 2013

The Hain Celestial Group, a leading organic and natural products company, has appointed Stephen J. Smith as EVP and CFO, effective September 3. He replaces Ira J. Lamel, who announced his retirement as the company’s CFO Sept. 5, 2012 and which becomes effective at the end of the month.

Smith has more than 30 years of financial experience, having most recently served as EVP and CFO of Elizabeth Arden since 2001. Prior to joining Elizabeth Arden, he was a partner at PricewaterhouseCoopers LLP and its predecessor, Coopers & Lybrand LLP, where his clients included a number of consumer products companies.

"After an extensive global search, I am pleased to welcome Stephen Smith as our new CFO and a key member of our leadership team," said Irwin D. Simon, founder, president and CEO of Hain Celestial. "Steve has an extensive background in working with consumer products companies on a global basis and brings a demonstrated ability to implement business analytics for high-performance strategic growth. Steve is the right person to work with our management team in achieving our next level of growth."

"Lastly, all of us at Hain Celestial thank Ira Lamel for his contributions throughout the past 12 years including his financial acumen, sound judgment and broad understanding of our business," added Simon.

Lamel will continue working with the company as special adviser to the CEO on various business development opportunities.

Elizabeth Arden has begun to search for a new CFO.

“Steve has been a valuable member of our management team since he joined us in 2001, shortly after the Elizabeth Arden acquisition,” said E. Scott Beattie, chairman, president and CEO of Elizabeth Arden. “Along with the strong finance and accounting team that Steve has built, he has been instrumental in managing the financial governance of our company to very high standards. Steve has been a trusted colleague, and on behalf of the company, I'd like to thank Steve for his dedication, leadership and contributions and wish him the best in his new position.”

“The past 12 years have been extremely rewarding, and it has been an honor to participate in the company’s significant growth over that time,” said Smith. “While I will miss my colleagues, I look forward to new challenges in another consumer products industry as I pursue this unexpected opportunity. Elizabeth Arden has a strong and highly talented finance organization, and I am confident that Elizabeth Arden will continue to enjoy much future success.”

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